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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TGT
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Red day on Friday for Target
(Updated on May 03, 2024)

Sell candidate since Apr 25, 2024 Loss -3.89% PDF

The Target stock price fell by -0.0506% on the last day (Friday, 3rd May 2024) from $158.12 to $158.04. During the last trading day the stock fluctuated 1.58% from a day low at $157.81 to a day high of $160.31. The price has fallen in 8 of the last 10 days and is down by -6.1% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 2 million shares were bought and sold for approximately $378.51 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $157.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.13% during the next 3 months and, with a 90% probability hold a price between $177.76 and $210.64 at the end of this 3-month period.

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TGT Signals & Forecast

There are few to no technical positive signals at the moment. The Target stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $160.93 and $168.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -11.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Target stock

Target finds support from accumulated volume at $150.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.50 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TGT) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Target Corporation to open at $158.72, and during the day (based on 14 day Average True Range), to move between $154.87 and $161.21, which gives a possible trading interval of +/-$3.17 (+/-2.01%) up or down from last closing price. If Target Corporation takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $150.49 (4.78%) than the resistance at $168.58 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Target Corporation stock A Buy?

The Target stock holds several negative signals and despite the positive trend, we believe Target will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.393 Sell Candidate Unchanged

Predicted Opening Price for Target Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$158.72 ( 0.430%) $158.04

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TGT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 161.22 2.01 %
R2 160.27 1.41 %
R1 159.68 1.03 %
Current price: 158.04
Support S1 157.77 -0.174 %
S2 157.18 -0.547 %
S3 156.22 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 173.54 9.81 %
R2 172.66 9.25 %
R1 168.58 6.67 %
Current price 158.04
Support S1 150.49 -4.78%
S2 149.61 -5.33%
S3 142.33 -9.94%

TGT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 May 14, 2024 Jun 10, 2024 $1.10 0.696%
2 Feb 20, 2024 Feb 20, 2024 Mar 10, 2024 $1.10 0.648%
3 Jan 17, 2024 Jan 19, 2024 Mar 10, 2024 $1.10 0.648%
4 Sep 20, 2023 Nov 14, 2023 Dec 10, 2023 $1.10 0.81%
5 Jun 15, 2023 Aug 15, 2023 Sep 10, 2023 $1.10 0.89%

FAQ

What is the symbol for Target Stock and on which exchange is it traded?
The symbol for Target is TGT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Target Stock?
The Target stock holds several negative signals and despite the positive trend, we believe Target will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Target Stock?
Target Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Target Stock.

What's the current price of Target Stock?
As of the end of day on the May 03, 2024, the price of an Target (TGT) share was $158.04.

What is the 52-week high and low for Target Stock?
The 52-week high for Target Stock is $11.56 and the 52-week low is $8.11.

What is the market capitalization of Target Stock?
As of the May 03, 2024, the market capitalization of Target is 73.114B.

When is the next earnings date for Target?
The upcoming earnings date for Target is May 15, 2024.
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About Target Corporation

Target Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.... TGT Profile

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